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Law of Contract Final Exam Questions and Answers 100% Solved $10.49   Add to cart

Exam (elaborations)

Law of Contract Final Exam Questions and Answers 100% Solved

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  • Course
  • Law of contracts
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  • Law Of Contracts

Law of Contract Final Exam Questions and Answers 100% Solved This generally refers to a governmental entity's legal authority to force a private landowner to sell his or her real property for public use. A) Condemnation B) Taxation C) Police power D) Eminent domain - D) Eminent domain Prece...

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  • October 11, 2024
  • 21
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Law of contracts
  • Law of contracts
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JOSHCLAY
©JOSHCLAY 2024/2025. YEAR PUBLISHED, 2024.
Law of Contract Final Exam Questions

and Answers 100% Solved


This generally refers to a governmental entity's legal authority to force a

private landowner to sell his or her real property for public use.



A) Condemnation

B) Taxation

C) Police power

D) Eminent domain - ✔✔D) Eminent domain

Precedents are determined by:



A) Statutory Law

B) Case law

C) TRELA

D) DTPA - ✔✔Wrong A) Statutory Law?

This estate may be terminated at will of either party. It has no duration

limitation.

,©JOSHCLAY 2024/2025. YEAR PUBLISHED, 2024.

A) Estate at will

B) Estate from period to period

C) Estate for years

D) Freehold estate - ✔✔A) Estate at will?

A form of shared property ownership in which rights vest in several owners

for a specified period each year.



A) Cooperatives

B) Time shares

C) Townhomes

D) Condominiums - ✔✔B) Time shares

The law that established the Texas Real Estate Commission.



A) TREC

B) TRELA

C) TAR

D) TCEQ - ✔✔B) TRELA

C) TAR wrong

This act provides a three day right of rescission.

, ©JOSHCLAY 2024/2025. YEAR PUBLISHED, 2024.

A) Equal Credit Opportunity Act

B) Truth-in-Lending

C) RESPA

D) Fair Housing Act - ✔✔B) Truth-in-Lending

Agency law consist of the:



A) Texas law of agency

B) Texas Real Estate License Act

C) Texas Real Estate Commission

D) Texas Constitution - ✔✔B) Texas Real Estate License Act

In owner financing, who receives the DEED OF TRUST?



A) Buyer

B) Escrow officer

C) Seller

D) Mortgage company - ✔✔C) Seller

An automatic legal process by which an effect or result, or liability or right,

is created of extinguished without the consent of either party.

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